{"id":888394,"date":"2026-09-08T21:06:13","date_gmt":"2026-09-08T21:06:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/888394\/"},"modified":"2026-09-08T21:06:13","modified_gmt":"2026-09-08T21:06:13","slug":"liv-golf-files-for-chapter-11-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/888394\/","title":{"rendered":"LIV Golf Files For Chapter 11 Bankruptcy"},"content":{"rendered":"<p id=\"elk-d22a4b1a-abc7-11f1-b41e-b964bfd12337\">LIV Golf has filed for Chapter 11 bankruptcy protection in the US as the league begins a major restructuring process that could see its players take majority ownership of the company.<\/p>\n<p>The announcement was made on Tuesday that LIV Golf Incorporated and its affiliates have entered into a Restructuring Support Agreement with BC Partners Credit, with the proposed recapitalization intended to allow the business to continue operating.<\/p>\n<p><a id=\"elk-seasonal\"\/><\/p>\n<p id=\"elk-d22a4b1a-abc7-11f1-b41e-b964bfd12337-2\">As a result, it has begun Chapter 11 proceedings in the United States Bankruptcy Court for the District of New Jersey.<\/p>\n<p>Latest Videos FromGolf Monthly<\/p>\n<p>Chapter 11 is a form of bankruptcy that allows a company to reorganize its finances while continuing to operate. In a statement, LIV Golf confirmed that the plan is to emerge from the process in early 2027.<\/p>\n<p>If the proposed restructuring is approved, LIV Golf 2.0 is expected to be majority owned by its players.<\/p>\n<p>            You may like<\/p>\n<p>The league says it remains in advanced discussions with players over the plan, which is aimed at &#8220;creating an ownership structure aligning players\u2019 interests with the League\u2019s long-term success.&#8221;<\/p>\n<p>in a statement, LIV Golf CEO Scott O&#8217;Neil said: \u201cThis process gives us the structure and time to pursue a landmark transaction and begin the next chapter of LIV Golf \u2013 one built around the fans, an innovative, player-first ownership model, and a part of the global golf ecosystem.<\/p>\n<p class=\"newsletter-form__strapline\">Subscribe to the Golf Monthly newsletter to stay up to date with all the latest tour news, equipment news, reviews, head-to-heads and buyer\u2019s guides from our team of experienced experts.<\/p>\n<p>&#8220;We are excited about what lies ahead and yet, there is still much to accomplish in the months ahead.<\/p>\n<p>&#8220;We believe deeply in LIV Golf\u2019s future, the opportunity in front of us, and the people who will help us realize it.&#8221;<\/p>\n<p>He added: &#8220;We will not rest until we deliver on LIV Golf\u2019s full potential.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"LIV Golf has filed for Chapter 11 bankruptcy protection in the US as the league begins a major&hellip;\n","protected":false},"author":2,"featured_media":888395,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[443],"tags":[49,48,622,82],"class_list":["post-888394","post","type-post","status-publish","format-standard","has-post-thumbnail","category-golf","tag-ca","tag-canada","tag-golf","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/888394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=888394"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/888394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/888395"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=888394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=888394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=888394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}